Private investment platform Aliro, led by Charter Hall co-founder David Southon, has ditched its $403 million takeover proposal for the ASX-listed Australian Unity Office Fund, as a result of worsening conditions in the office market.
The collapse of the takeover, foreshadowed by the Street Talk column, came as Aliro vainly tried to lock in investor support on an offer price lower than its existing $2.45 cash offer.
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Nick Lenaghan edits the property section, which covers all aspects, from residential real estate and housing and construction to commercial property – office, retail, industrial – and major ASX-listed developers and real estate investment trusts. Connect with Nick on Twitter. Email Nick at nlenaghan@afr.com
